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Stellar Development Foundation’s CMO on Why Stablecoins Are the Gateway to Tokenizing Everything

CoinDesk Podcast Network

CoinDesk

News, Tech News, Daily News, Business News

4.7698 Ratings

🗓️ 28 April 2026

⏱️ 28 minutes

🧾️ Download transcript

Summary

Unpacking the long-game philosophy of SDF's new CMO. Jason Karsh, the new CMO of Stellar Development Foundation, has built his career moving through some of tech and crypto's most formative companies, from Google to Coinbase to Block, and he's bringing his long-game philosophy to one of the industry's oldest and most quietly consequential blockchains. In this episode of Gen C, Sam sits down with Jason to talk about why crypto keeps leading with the wrong message, how Stellar went from $500M to $2B in real-world assets in a single year, and why a "get rich slow" approach might be the most radical marketing strategy in Web3. Links mentioned from the podcast: Jason’s Twitter: https://x.com/jasonkarsh Stellar Development Foundation Website: https://stellar.org/ From our sponsor: Check out CoinDesk’s latest research report on privacy in the age of scale, commissioned by GenZcash: https://www.coindesk.com/research/encryption-supremacy-zcash-and-privacy-in-the-age-of-scale Timestamps: 00:00 Unlocking Idle Assets 00:38 Meet Stellar Development Foundation CMO 02:26 From Google to Crypto 04:00 Crypto Branding Reality 07:46 SDF Focus and Timing 10:51 Making Stablecoins Click 13:02 One Voice Many Audiences 15:20 Get Rich Slow Marketing 19:04 Founders as Storytellers 22:19 RWA Growth on SDF 24:56 Stablecoins vs Tokenization 26:17 Next 100M Humans or Agents 28:05 Final Thoughts - "Gen C" features host Sam Ewen. Executive produced by Uyen Truong.

Transcript

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0:00.0

So many people have so many assets in their life that they cannot collateralize for anything else.

0:04.2

You may hear of a great investment opportunity, but maybe it's just really hard to come up with $1,000 or $10,000 to go put into that.

0:12.1

But maybe you're sitting on an asset that could be collateralized easily on changing the future, giving you access to more opportunity, no matter where you are in the world.

0:19.4

Those are instruments that are often reserved for the wealthy or asset holding individuals in the West that could be provided

0:26.6

to everyone on whatever scale they want. All right, Gen C. We're one week out from consensus, so a lot of things going on in the

0:42.3

Coin desk universe, but wanted to take a little bit of time to speak with Jason Karsh.

0:47.3

Jason is the new CMO over at Stellar. We've definitely covered Stellar before, but in the sort of

0:53.4

rise of the stable coin and tokenization

0:56.5

ways that have come in the last few years, they're really at the center of a lot of it.

1:00.6

And we thought it would be great to get their new CMO on to talk about what moves him,

1:05.2

why he decided to come here.

1:06.7

He's had a really interesting career that we'll go over.

1:09.4

And where this industry is going, how we should we talk about it?

1:12.8

I also think there's some key moments in this video for anyone who's building a crypto

1:17.9

business.

1:18.5

I think we are unfortunately not paying enough attention to long-term strategic business

1:23.6

planning when we launch a lot of the crypto projects that come out right now. And I think

1:29.1

Jason is really an example of kind of slow, steady, keep it consistent, understand your messaging,

1:36.6

and really build for the long term. So right after the break, we'll be back with Jason Cars from

1:40.6

Stellar. The quantum threat is real. Adversaries are already harvesting blockchain

1:45.4

data today to decrypt it later. A new Quindisc research report unpacks this emerging risk and what it

1:50.8

means for the future of crypto privacy. The report finds that Zcash is one of the only major layer ones with a

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